Penny Stock Alert: Solar company receives a work order worth Rs 15,75,00,000 from Twinsag Enterprise LLP
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up by 20 per cent from its 52-week low of Rs 55 per share.
H.M. Electro Mech Limited has received a domestic work order worth Rs 15,75,00,000 from Twinsag Enterprise LLP. The contract is a one-time order for the turnkey design, engineering, procurement, supply, erection, testing, and commissioning of a 15 MW (AC) Solar PV Project. The project also includes an initial three-year period for operations and maintenance.
H.M. Electro Mech Limited (HMEL) is an infrastructure firm established in 2003 that specialises in providing turnkey solutions for a variety of projects. The company's business activities include the supply, installation, testing, and commissioning (SITC) of pumping machinery, as well as railway electrification, solar EPC and water supply schemes. HMEL also handles EPC (Engineering, Procurement, and Construction) projects and provides comprehensive operation and maintenance (O&M) services for its completed infrastructure.
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The company has a market cap of over Rs 90 crore and has delivered good profit growth of 34.3 per cent CAGR over the last 5 years. The shares of the company have a PE of 11x, an ROE of 17 per cent and an ROCE of 22 per cent. In FY25, the company reported net sales of Rs 122 crore and net profit of Rs 8 crore. The stock is up by 20 per cent from its 52-week low of Rs 55 per share.
Disclaimer: The article is for informational purposes only and not investment advice.